“It does not matter how small the sins are provided that their cumulative effect is to edge the man away from the Light and out into the Nothing. Murder is no better than cards if cards can do the trick. Indeed the safest road to Hell is the gradual one— the gentle slope, soft underfoot, without sudden turnings, without milestones, without signposts.” C.S. Lewis, The Screwtape Letters

25 April 2014

Gold Daily and Silver Weekly Charts - Madness, Ending Badly

"Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one...

In February 1720 an edict was published, which, instead of restoring the credit of the paper, as was intended, destroyed it irrecoverably, and drove the country to the very brink of revolution...”

Charles MacKay, Extraordinary Popular Delusions and The Madness of Crowds

Self-awareness, empathy, and foresight are not, unfortunately, high in the ordered skill set of narcissists.

If Europe had any decency, leadership, and moral courage they would take the US financial system's car keys, sit them down in the kitchen, pour black coffee down their throats until they sober up, and then arrange for an extended intervention.

And they need to do it because the American people themselves have fallen into a slumber of indifference and denial about what is being done in their name, and how the world sees their elite.

Le Propriétaire

I make every attempt to respect the rights of others. If you feel that something here has infringed your work please let me know and I will correct it immediately. It is not always easy to determine the status of material posted to the Internet with regard to fair use and public domain.

Need Little - Want Less - Love More

The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustainable recovery.

Welcome to Jesse's Café Américain - These are personal observations about the economy and the markets. In providing information, I hope this allows you to make your own decisions in an informed manner, even if it is from learning by my mistakes, which are many. As a standing policy I never provide individual investment advice to anyone. I will only occasionally disclose my personal positions for purposes of illustration. Understand that my own circumstances could differ greatly from your own, and therefore what is suitable for me may not be suitable for you. My comments are intended to be reflection on general macro financial and economic events and trends.